Wabtec Corporation has acquired Fulmer Company, manufacturer of motor components for rail, power generation and other industrial markets. Based in Export, Pa., Fulmer has annual sales of about $15 million. Wabtec expects the transaction to be accretive in the first year.
The nation's major freight railroads reached tentative collective bargaining agreements with then out of 13 unions, the National Carriers' Conference Committee reported.
Seattle's Sound Transit Board received the Federal Transit Administration's Record of Decision for the East Link light rail project and voted unanimously to launch work on the final design for the route between Seattle, Mercer Island, Bellevue and Redmond.
The Federal Transit Administration has doled out $112 million to 46 transit projects, which were chosen for their capacity to help cut the nation's dependence on oil and create marketplace for 21st century "green" jobs.
Senator John Hoeven (R-ND) met with Tesoro CEO Greg Goff to review the company's major expansion plans in North Dakota, including a new rail project to ship North Dakota crude to its Anacortes, Wash., facility.
U.S. Transportation Secretary Ray LaHood says the overwhelming demand for TIGER grants has once again far surpassed the available funding.